Exchange Bulletin
Purpose Canadian Financial Income Fund (the "Fund") (BNC) To Trade On Toronto Stock Exchange
October 24, 2016
Issuer: Purpose Canadian Financial Income Fund (the "Fund")
| Security | Symbol | CUSIP | Issued and Outstanding Securities | Reserved Securities | Issue Price |
|---|---|---|---|---|---|
| ETF Shares | BNC | 74641F 10 6 | 150,000 | None | $20.00 |
| Listing category: | Non-Corporate |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of ETF Shares (the "Offering") |
| Listing date: | October 25, 2016 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | October 26, 2016 (prior to the opening) |
| Posted for trading date: | October 26, 2016 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Designated market maker: | National Bank Financial Inc. |
| Security ownership registration: | CDS book entry only system |
| Investor relations: | Som Seif Tel: (416) 583-3856 info@purposeinvest.com - or - Scott Bartholomew Tel: (416) 583-3857 info@purposeinvest.com |
| Incorporation: | Purpose Fund Corp. is a mutual fund corporation incorporated under the laws of the Province of Ontario pursuant to the Business Corporations Act (Ontario) on April 29, 2013. The Fund is a class of shares of Purpose Fund Corp. |
| Manager: | Purpose Investments Inc. |
| Fiscal year end: | December 31 |
| Nature of business: | The fund seeks to provide shareholders with (i) long-term capital appreciation through investment in a portfolio of Canadian Banks (up to 70% on an equal weighted basis) and Canadian Insurance Companies (up to 30% on an equal weighted basis) and (ii) monthly distributions. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto. |
| Switching between ETF shares: | Holders of ETF shares may switch ETF shares of one fund to ETF shares of another fund through the facilities of CDS. Dealers or financial advisors may charge a fee of up to 2% of the value of ETF shares switched. |
| Dividends: | The Fund expects to make distributions monthly, if any. |
| Sponsorship: | Not applicable |
| Offering document: | Simplified Prospectus dated October 17, 2016, which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Initial public offering: | 150,000 ETF shares will be issued at a subscription price of $20.00 per ETF share. ETF shares are being issued and sold on a continuous basis and there is no maximum number of ETF shares that may be issued. |
| TSX contact: | Julie K. Shin, Director, Listed Issuer Services, Toronto Stock Exchange. |